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apulvino
New Member

What does Schedule C other expenses mean? Its talking about form 1040 for my private business of consulting

 
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TomK
Expert Alumni

What does Schedule C other expenses mean? Its talking about form 1040 for my private business of consulting

Form Schedule C - Profit or Loss from Business is attached to your 1040 tax return (Line 12), for income earned while self-employed.

Other Expenses (Line 27a on your Schedule C) "Include all ordinary and necessary business expenses not deducted else where on Schedule C."  For example: Amortization, Business start-up costs, etc.  These expenses are listed in Section V, totaled on Line 48, and then that total is entered on Line 27a.

For more information - IRS Schedule C instructions: https://www.irs.gov/pub/irs-pdf/i1040sc.pdf

Form Schedule C: https://www.irs.gov/pub/irs-pdf/f1040sc.pdf

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